Just saw this over at /Film, Titanic 2 has just wrapped principle photography. No, James Cameron hasn't lost his mind, this "sequel" is actually the shady work of schlockmeisters The Asylum (who I recently posted about because of their amazing project Mega Piranha) Their bread and butter is making "Knockbusters" which are essentially low-budget knock-offs of very successful Hollywood films. Their catalog includes The Da Vinci Treasure, Transmorphers (and a sequel) Snakes on a Train, Sunday School Musical, (which sounds much cleaner and more wholesome than that smutty Disney version) 2012: Doomsday and Paranormal Entity. They also released H.G. Wells' War of the Worlds and Sir Arthur Conan Doyle's Sherlock Holmes right around the time Hollywood had features in the theatres called War of the Worlds and Sherlock Holmes. The idea, I assume, is that they can fool some people in the video store with look-alike product - or perhaps lure others out of curiosity. But how do they get away with "sequelizing" a hit film they don't have the rights to? Well, in this case, it's a small little work around. Titanic 2 is not a sequel at all, it's an original film about a ship that is (conveniently) named 'Titanic 2.' I hope they make a sequel to this movie called Titanic 2 II.